Purkiss Capital Advisors LLC Takes $268,000 Position in Kimberly-Clark Co. (NYSE:KMB)

Purkiss Capital Advisors LLC acquired a new position in shares of Kimberly-Clark Co. (NYSE:KMB) during the 4th quarter, Holdings Channel.com reports. The firm acquired 2,046 shares of the company’s stock, valued at approximately $268,000.

A number of other hedge funds have also recently added to or reduced their stakes in KMB. Levin Capital Strategies L.P. boosted its holdings in shares of Kimberly-Clark by 392.4% in the 4th quarter. Levin Capital Strategies L.P. now owns 17,568 shares of the company’s stock valued at $2,302,000 after buying an additional 14,000 shares during the period. Sherman Asset Management Inc. bought a new position in Kimberly-Clark in the fourth quarter worth about $48,000. Jacobi Capital Management LLC boosted its stake in Kimberly-Clark by 2.5% in the fourth quarter. Jacobi Capital Management LLC now owns 11,011 shares of the company’s stock valued at $1,443,000 after acquiring an additional 268 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Kimberly-Clark by 0.7% during the fourth quarter. Fisher Asset Management LLC now owns 66,341 shares of the company’s stock valued at $8,693,000 after purchasing an additional 461 shares during the last quarter. Finally, WR Wealth Planners LLC raised its position in shares of Kimberly-Clark by 4.2% during the 4th quarter. WR Wealth Planners LLC now owns 2,418 shares of the company’s stock worth $317,000 after purchasing an additional 98 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on KMB shares. StockNews.com lowered Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Saturday, February 15th. Citigroup reduced their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a report on Wednesday, January 15th. Piper Sandler reaffirmed an “overweight” rating and issued a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price objective on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Finally, TD Cowen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price for the company. in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $143.64.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 2,500 shares of Kimberly-Clark stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $140.00, for a total value of $350,000.00. Following the transaction, the vice president now owns 2,553 shares of the company’s stock, valued at $357,420. The trade was a 49.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.62% of the stock is owned by company insiders.

Kimberly-Clark Trading Up 1.3 %

Kimberly-Clark stock opened at $142.00 on Friday. Kimberly-Clark Co. has a 12-month low of $122.98 and a 12-month high of $149.31. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The stock has a market capitalization of $47.10 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 4.46 and a beta of 0.41. The firm has a 50 day simple moving average of $131.31 and a 200-day simple moving average of $136.51.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. As a group, equities research analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be issued a dividend of $1.26 per share. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date is Friday, March 7th. Kimberly-Clark’s payout ratio is presently 66.75%.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.